The public sector lender had posted a net profit of Rs 79.56 crore in the corresponding quarter of the previous fiscal.
The bank's gross non-performing assets (NPAs) declined marginally to 6.14 per cent, against 6.17 per cent in the same quarter of last fiscal.
However, net NPAs rose to 4.08 per cent during October-December 2018, compared with 3.99 per cent in the year-ago period.
During the quarter, the provision for bad loans nearly doubled to Rs 582.22 crore from Rs 333.26 crore a year ago.
The bank's shares Wednesday fell by Rs 1.20, or 2.65 per cent, to close at Rs 44.15 apiece on the BSE.